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4 injured in Lebanon fuel tanker blast transferred to Turkey
- Turkey first country to take action at request of Lebanese authorities, says Turkish ambassador to Lebanon
US crude oil inventories rise 0.8% for week ending July 30
- Commercial crude oil stocks surge by 3.6 million barrels, higher than market expectation of 2.9 million-barrel draw
Turkish & Iranian energy firms to enter new markets in post-sanction era
- Energy supply to Europe via Turkey will be notable option on table: Head of Energy Commission of Iran Chamber of Commerce
ANALYSIS - Venezuela draws on Bloomberg’s clout in bid to gain investments
- Rare set of interviews with influential financial news network reflects government’s dire need of fresh funds and capital
Colombia reopening border crossings with Venezuela
- Decision came as surprise to many after Foreign Ministry said it would keep border shut until Sept. 1 due to coronavirus
US crude oil inventories fall 0.3% for week ending May 21
- Commercial crude oil stocks decline by 1.7 million barrels, higher than market expectation of 1.3 million-barrel draw
Oil prices down over unexpected build in US fuel stocks
- Low demand concerns linger with US gasoline inventory rise of 4 million barrels last week
US oil inventories mark largest weekly rise since 1982
- Commercial crude oil stocks rise by massive 21.6 million barrels, smashing market expectation of 1.9 million-barrel draw
Oil slips ahead of OPEC+ meeting on Thursday
-Concerns over OPEC+ output increases and uncertainty over oil demand recovery still weigh on oil prices
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Venezuela’s oil production rises despite US sanctions
- Production increased in January to 487,000 barrels per day
Iran rejects Macron’s call for new nuclear deal
- If deal is to be saved, US should return, lift sanctions on Tehran, says foreign ministry
Venezuela denounces US court ruling over Citgo
- Government rejects decision to order sale of Venezuelan oil company, which has sixth-largest refinery network in US
Venezuela open to foreign investment in oil sector
- In a bid to boost domestic output, government is welcoming foreign investment in sector, which has not occurred since 1990s
Baghdad to pump oil to Beirut in 2021
- Volume of imports, which is not clear yet, will be limited to cover major part of Beirut's fuel needs to generate electricity
Total announces fourth oil discovery offshore Suriname
- Discovery at Keskesi East-1 well follows previous discoveries at Maka Central, Sapakara West and Kwaskwas in same region
Venezuela condemns US policy of seizing fuel shipments
- Social media exchange between Venezuelan foreign minister and top US diplomat reflects tense relations between governments
Iran oil revenue down over 50% since 2018: Central Bank
- Country has been suffering strict sanctions since 2018 after US withdrawal from 2015 nuclear deal
Venezuela's last glacier melting due to global warming
- Researchers report sobering finding by evaluating climate change effect from May 2019 to October 2020
Venezuela, Turkey relations peaked after coup attempt
- Caracas always had ‘good relations’ with Ankara; Maduro one of first to condemn coup attempt by FETO, said Jorge Arreaza.
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India eyes resuming oil imports from Iran and Venezuela
- India major buyer of Iranian and Venezuelan oil before US imposes sanctions
Iran, Venezuela sanctions relief low priority for Biden
- Biden hinted in campaign of resuming diplomacy with Venezuela and Iran, but analysts say this will not happen overnight
Nigerian oil workers strike over row with government
- Long lines seen last week at most filling stations in Abuja, its environs after oil workers warned about taking action
US sells 1.1M barrels of Iranian oil after seizure
- Gasoline was aboard 4 tankers which Iran was trying to ship to Venezuela
California to ban sale of new gasoline vehicles by 2035
- Order seeks to achieve more than 35% reduction in greenhouse gas emissions
24.09.2020
Americas
US gasoline supply post largest monthly rise since 1945
- Easing stay-at-home orders cause rise in gasoline use, but jet fuel demand remains low with weak commercial air travel
US petroleum demand to remain low until August 2021
- US consumption of liquid fuels in April reached all-time monthly low since early 1980s
OPEC share of global crude output falls to 39% in 2019
- Iran and Venezuela each see a year-over-year 33% decline in crude oil outputBrussels briefing, July 13
13.07.2020
Reports
